Investcorp Credit Management BDC
ICMB
21 hedge funds and large institutions have $55.1M invested in Investcorp Credit Management BDC in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 6 closing their positions.
326% more capital invested
Capital invested by funds: $12.9M → $55.1M (+$42.1M)
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
5% less funds holding
Funds holding: 22 → 21 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Cyrus Capital Partners
New York
|
+$46.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.39M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$848K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$669K |
| 5 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
+$195K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$232K |
| 2 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$226K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$198K |
| 4 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
-$165K |
| 5 |
Goldman Sachs
New York
|
-$164K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$3 | -201 | Closed |
|
27
Wells Fargo
San Francisco,
California
| – | +$12 | +1 | New |
|
ICMB Hedge Fund Activity: Q4 2014 in Review
21 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Investcorp Credit Management BDC (ICMB) for Q4 2014, worth a combined $55.1M — up 326% from $12.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ICMB positions and 6 closed out — a net gain of 1 holder — while 7 added to existing stakes and 5 trimmed.
The largest buyer was Cyrus Capital Partners, opening a new position worth an estimated $46.2M. The largest seller was ClariVest Asset Management, cutting an estimated $232K.
- 21 institutional investors held Investcorp Credit Management BDC (ICMB) as of Q4 2014, down from 22 in Q3 2014.
- Funds reported $55.1M of Investcorp Credit Management BDC stock for Q4 2014, up 326% quarter-over-quarter.
- 7 funds opened new Investcorp Credit Management BDC positions in Q4 2014 and 6 closed out, a net change of +1 holder.
- The largest Investcorp Credit Management BDC buyer in Q4 2014 was Cyrus Capital Partners, an estimated $46.2M added.
- The largest Investcorp Credit Management BDC seller in Q4 2014 was ClariVest Asset Management, an estimated $232K sold.
Based on aggregated 13F filings for Q4 2014.